De.mem to Make its European Debut with a Range of Revolutionary Membrane Technologies

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De.mem to Make its European Debut with a Range of Revolutionary Membrane Technologies

Water treatment company De.mem has unveiled plans to make its European debut after announcing the planned acquisition of a German technology company.

By George Tchetvertakov 

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Image Source: demembranes.com

De.mem is advancing a range of new and revolutionary “membrane technologies” to capitalise on the currently fragmented de-centralised water treatment market – a means for industrial companies to cleanse their water supply as part of their operations.

Earlier this morning, De.mem confirmed it had signed a non-binding term sheet to acquire 75% of a German water treatment technology company, in exchange for A$865,000.

The acquisition target supplies services and solutions for industrial wastewater treatment across Germany and is within striking distance of neighbouring markets in Holland and Belgium.

The deal is expected to reaffirm De.mem’s commercial position after the company reported the strongest revenue-generating quarter in its 4-year history, with cash receipts of around $3.3 million in the past quarter.

De.mem has said that the acquisition will be value-accretive and will add to the company’s bottom line in the next financial year after the deal completes in early 2019.

Read the full story on Small Caps

In an interview with  TechInvest Magazine , De.mem COO, Andreas Kroell, talked about the company and what investors should be looking out for in future developments. Video Source: TechInvest YouTube Channel

Attached link

http://www.youtube.com/embed/m1sTlpa63RU

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